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CPA Evolution Aims for Radical Rethinking of Profession
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No Change to Ethics CPE in January 2020
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SEC Seeks to Change Auditor Independence Rules
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First Mazars Female Partner Speaks on Diversity

Latest Articles

  • Political Uncertainty Looms Over PCAOB as SEC Leadership Shifts

    By:
    Emma Slack-Jorgensen
    |
    Jan 30, 2025

    The oversight of public company accounting is split between the two key agencies. However, one is subject to significantly more political influence than the other. The Financial Accounting Standards Board and the Public Company Accounting Oversight Board are both under the supervision of the Securities and Exchange Commission, yet the PCAOB is far more vulnerable to political change.

  • Global Standards Set to Transform Sustainability Assurance and Ethics Practices

    By:
    Emma Slack-Jorgensen
    |
    Jan 29, 2025
    The International Auditing and Assurance Standards Board and the International Ethics Standards Board for Accountants recently launched their sustainability assurance, designed to elevate sustainability reporting and assurance practices. 

  • Scott Bessent Confirmed as Treasury Secretary Amid Expiring Tax Cut Challenges

    By:
    Emma Slack-Jorgensen
    |
    Jan 28, 2025
    Scott Bessent has been confirmed as Treasury Secretary by a 68-29 Senate vote. A seasoned hedge fund manager, Bessent faces immediate challenges, including overseeing the fate of over $4 trillion in expiring tax cuts set to lapse by the end of the year.

  • IRS Faces Hiring Freeze and Revoked Job Offers as Tax Season Begins

    By:
    Emma Slack-Jorgensen
    |
    Jan 27, 2025

    The IRS is navigating tax season under a federal hiring freeze imposed in an executive order by President Donald Trump on Jan. 20. The freeze comes alongside rescinded job offers for positions with start dates after Feb. 8.

  • Regulatory Roundup: January 21 - 27

    By:
    Karen Sibayan
    |
    Jan 27, 2025
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYCPA's regular series that collects relevant regulatory announcements from the past week and puts them in one place to help you stay on top of the issues. 

  • Supreme Court Lifts CTA Injunction, but Enforcement Remains on Hold

    By:
    Emma Slack-Jorgensen
    |
    Jan 24, 2025

    The U.S. Supreme Court has lifted a nationwide injunction on the Corporate Transparency Act (CTA), which mandates business to disclose beneficial ownership information to the Financial Crimes Enforcement Network. Despite this decision, enforcement of the CTA remains halted due to a separate injunction from a different Texas court. 

  • Global Confidence Declines Among Accountants and Finance Professionals

    By:
    Emma Slack-Jorgensen
    |
    Jan 23, 2025
    The Q4 2024 Global Economic Conditions Survey, conducted by the Association of Chartered Certified Accountants and Institute of Management Accountants, reports a significant drop in global confidence among accountants and finance professionals, reaching its lowest level since mid-2020.

  • GOP Bill Targets Global Tax Deal and Foreign Tax Policies

    By:
    Emma Slack-Jorgensen
    |
    Jan 23, 2025
    House Republicans have introduced the Defending American Jobs and Investment Act (H.R. 591), aiming to formalize the U.S.’s withdrawal from the Organization for Economic Cooperation and Development (OECD) global tax deal. This move follows President Trump’s executive order declaring that the agreement holds “no force or effect” in the U.S. 

  • Newly Appointed Acting SEC Chair Mark Uyeda Forms Crypto Task Force

    By:
    Emma Slack-Jorgensen
    |
    Jan 22, 2025
    On Jan. 21, the Securities and Exchange Commission (SEC) announced that President Donald Trump has designated Mark Uyeda as acting chair of the SEC following the departure of former chair Gary Gensler. In his first action as acting chair, Uyeda announced the formation of a crypto task force to create a clear regulatory framework for digital assets. 

  • FASB Proposes Targeted Codification Updates

    By:
    Emma Slack-Jorgensen
    |
    Jan 22, 2025
    On Jan. 22, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update to enhance the FASB Accounting Standards Codification.
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